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Australian Unity boosts adviser numbers

Australian Unity has seen a boost in adviser numbers over the last 12 months, with new recruits added to the company across most states.

The financial services company has added 35 new advisers to its business, which it attributes to its holistic service offering.

“Advisers tell us they are drawn to Australian Unity because of our full service model offering and our Accountant Partnership Program, as well as the fact we are not a bank or life insurance company,” Australian Unity Personal Financial Services chief executive Steve Davis said.

Davis said he expects adviser numbers to continue growing strongly over the next few years as advisers realise the need for a full service offering to reach the full potential of their practices and to maintain compliance in the wake of increasing regulation.

“Although we expect to continue to grow strongly, the fact we have a high touch, full service model with a focus on helping our advisers grow their practice means we do not want to take on too many advisers,” Davis said.

“That is why over the last 12 months we have turned away a number of prospective advisers and also assisted some of our existing advisers to find alternative licensee options that were more suited to their business objectives,” he explained.